Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share Computations

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted EPS computations for the periods presented (in thousands, except per share data):


	Three Months Ended March 31,
		2022		2021
Numerator for EPS:
Net income (loss)		$	17,537	$	26,408
Less: Preferred stock dividends		(3)		(3)
Income (loss) available to common stockholders		$	17,534	$	26,405
Denominator for EPS:
Weighted average common shares outstanding		31,147		31,208
Plus: Assumed conversion of share-based compensation (1)		55		44
Assumed conversion of preferred stock		25		25
Weighted average diluted common shares outstanding		31,227		31,277
Basic earnings (loss) per common share		$	0.56	$	0.85
Diluted earnings (loss) per common share		$	0.56	$	0.84


(1)						Represents the dilutive effect of unexercised stock options, unvested performance share units, unvested restricted stock units and unvested restricted stock.